Kuwait Finance House (KFH)
Top 50 Banks in The Middle East

Rank: 9

Kuwait Finance House (KFH)

Date of Establishment: 1977
Country: Kuwait
Acting Group CEO: Abdulwahab Iesa Alrushood

Sales: $3.6 billion

Profits: $612 million

Assets: $71.5 billion

Market Value: $21 billion

KFH was the first Islamic bank to be established in Kuwait in 1977. Today its largest shareholders include the Kuwait Investment Authority and the Kuwait Awqaf Public Foundation. It employs around 15,000 people. The bank has now surpassed the National Bank of Kuwait to become the most valuable company in Kuwait. In May 2021, KFH launched a digital wallet service enabling payments to be made through electronic devices and wearables.